#Pnut $PNUT
Current Price: $0.3435
24H High/Low: $0.3496 / $0.2834
Volume: Moderate (15.37M PNUT)
1. Bullish Case
Conditions: Price holds above $0.30 and breaks resistance at $0.35–$0.37 with volume.
Targets:
Short-term: $0.42 – $0.48 (recent top)
Mid-term: $0.50 – $0.60 (psychological barrier)
Breakout zone: Above $0.4882 (previous high)
2. Bearish Case
Conditions: Price fails to break $0.35–$0.37 and volume weakens.
Targets:
First support: $0.30
Major support: $0.26 – $0.28
Breakdown zone: Below $0.26 could send it to $0.18 – $0.20
3. Key Break Points
Level Significance
$0.37 Short-term resistance to watch closely
$0.4882 Last high – breakout could fuel rally
$0.30 Support – holding here keeps bullish bias
$0.26 Breakdown support – loss may reverse trend
$0.18 Strong base – risk of return if sentiment turns
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Indicators Summary
MA(7) > MA(25) > MA(99): Bullish trend structure
Volume Spike: Recent move likely driven by momentum
Correction Ongoing: Profit-taking after sharp rally from $0.11 to $0.48
Still Healthy: Pullback above moving averages shows potential for consolidation before next leg
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Strategy Suggestions
Bullish Traders: Watch for reclaim of $0.37 with volume to target $0.42–$0.48
Bearish Traders: Short under $0.30 with a stop-loss above $0.35
Neutral Stance: Wait for a confirmed move above $0.37 or below $0.26 before entering
Disclaimer
This analysis is for educational and informational purposes only and does not constitute financial advice. Cryptocurrency trading involves significant risk and may result in the loss of capital. Always conduct your own research and consult a licensed financial advisor before making investment decisions.